Apple’s stock is way down and investors wonder what its next big product will be and how the company can navigate an increasingly competitive landscape without its fearless leader, Steve Jobs. That characterizes today and also 2008.Often people seem to view Apple’s stellar run up in its company market cap and stock price over the past decade as one long event. But the company saw its stock drop by more than 50% the year after the iPhone launched, starting 6 months after its debut.
Obviously the company recovered. Can it today?
I took a look at Apple then and now in a piece for PandoDaily. I’m not sure whether this time will be different. No doubt the Apple fan boys will roll the dice with the company. I’m not convinced that’s where the smart money is—but I’ve been wrong before so we’ll see.